-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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400-600 people are murdered in Chicago every year. Most of those deaths are around just a few neighborhoods. We have been told by our leaders that it is our responsibility to lock ourselves in our homes in order to save lives from this virus. If that is the guiding principal shouldn’t we lock down the neighborhoods that are responsible for most of these deaths?
This is great evidence that locking up criminals reduces crime. We should be locking up criminals, not releasing them, Kimmy Foxx.
Are our local pols shameless enough to point to this one-off lower crime number in the years ahead to justify their continued terrible policies?
You’d better believe it.